- GBP/JPY lagged behind the other JPY crosses on Friday night;
- EUR/GBP looks to have turned the corner on the back of some big buying out of the middle east and is in the middle of .8750/.9250 range but headed higher;
- lots of negative news for all political parties amid an expenses scandal;
- HSBC results expected to be disappointing
All of these factors are encouraging GBP selling this morning. Cable is down at 1.5200 from highs at 1.5260 in early trade. Not much in the way of support until 1.5000.
